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HomeCURRENT AFFAIRSBUSINESSYes Bank Q3 Results 2024: Anticipated Surge with 705.6% YoY Net Profit...

Yes Bank Q3 Results 2024: Anticipated Surge with 705.6% YoY Net Profit Growth – What Lies Ahead?

Emkay Forecasts Yes Bank's Robust Q3 Earnings with a 705.6% YoY Surge in Net Profit

Emkay’s latest projections for Yes Bank’s third-quarter earnings (October – December ’24) paint a promising picture. Anticipate a remarkable 705.6% YoY increase in net profit as we delve into the forecasted financials and critical insights to decipher the bank’s performance.

Earnings Projections

  • Net Interest Income (NII): Emkay expects a 4.5% YoY increase to Rs. 2,059 crore, reflecting a 5.3% QoQ growth.
  • Pre Provision Operating Profit (PPOP): Anticipated to decrease by 6.6% YoY but up by 2.7% QoQ to Rs. 853.4 crore.

Company Key Metrics

PE Ratio85.0
ROCE4.94 %
ROE1.99 %
Market Capital₹ 71,156 Cr.
Dividend Yeild0.00 %

About Yes Bank

Yes Bank, a comprehensive commercial bank, offers a diverse range of products and digital services. Serving retail, MSME, and corporate clients, the bank operates its investment and merchant banking through its wholly-owned subsidiary, YES Securities.

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